3D Printer Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

3D Printer: Definition/Overview

3D printing technology is a rapid prototyping technology. It is to decompose a three-dimensional digital model designed by a computer into several layers of planar slices, and then use a 3D printer to make powdery, liquid or filamentous plastics, metals, ceramics, etc. 3D printing is also called additive manufacturing because materials are stacked layer by layer. With the development of "Industry 4.0", 3D printing, which is one of the technical support for this technological revolution, has been brought to the forefront of the market in recent years and has been used in various fields such as automotive, healthcare, electronics, consumer products, etc.

Global 3D Printer Market: Regional Overview

  • The global 3D printer market has basically taken the lead in developed countries and regions such as the U.S. and Europe, and the Asia Pacific region has been catching up with the developed countries. In terms of cumulative installed capacity, the current global 3D printing market is mainly concentrated in three regions: North America, Europe, and the Asia Pacific.

  • North America is the largest 3D printer market in the world. The U.S. is the country with, the highest revenue in the global 3D printer market. The rapid growth of the U.S. in various fields such as automotive, aerospace, consumer goods, healthcare, and defense has accelerated the development of the 3D printer market in the region.

  • Due to the evolution of materials and equipment, 3D printers are actively moving toward mass production and modeling of final products in the fields of automotive, aerospace, healthcare, home appliances, and molds, mainly in the U.S. and Europe.

  • The 3D printer market share in the Asia Pacific region is currently lower than in North America and Europe. However, the region has huge potential in the future mainly due to growing industrialization and population growth. Additionally, rapid urbanization and growing demand for consumer electronics are also driving regional growth. Furthermore, increasing R & D activities coupled with increasing capital investment have further expanded 3D printer market growth in the region.

Global 3D Printer Market: Trends

  • The growing demand for personalized or customized medical devices has propelled the use of a 3D printer in the medical device market. 3D printed medical devices allow for easier manufacturing of implants or devices to suit the specific needs and preferences of individuals. As implants are designed to fit a specific person, custom prostheses are more comfortable and have a longer lifespan than traditional prostheses with a limited number of sizes. Presently, several medical devices produced through 3D printing, including surgical instruments, dental crown restorations such as dental crowns, orthopedic and skull implants, and external prosthetics have gained tremendous popularity among patients.

  • Plastic materials used for 3D printing will grow significantly over the forecast period and mainstream material manufacturers have now joined the process. Material manufacturers such as BASF have a new driving force to produce materials specifically for 3D printing, which also promotes new materials out of the laboratory for true 3D printing production. Large material suppliers are showing their willingness to promote the development of 3D printing technology. This will also promote 3D printing plastics.

Global 3D Printer Market: Market Drivers, Opportunities, and Restraints

  • The global printing industry is witnessing the increased adoption of a 3D printer. Industrial 3D printer’s continuous capability advancements and technology improvements have positioned the 3D printer technology as a preferred contender across various end-use categories such as automotive, aerospace, healthcare, etc. As a result, the demand for a 3D printer is growing in the world.

  • The U.S. is one of the major producers and consumers of 3D printers worldwide. The emergence of major industry players such as 3D Systems and ExOne is expected to drive innovative product launches and expansion plans for the 3D printer market. Moreover, the increasing integration of advanced technologies such as 3D printing with multiple manufacturing processes is driving the 3D printer market growth.

  • The global 3D printer market is mainly driven by increased investment from end-use industries and supportive regulatory frameworks. Additionally, the U.S. government understands the huge application of 3D printing and huge reimbursement, which further makes the application of this innovative technology smoother in the country. Therefore, during the forecast period, with the substantial investment of existing and upcoming investors, the 3D printing market in North America is expected to grow more aggressively.

  • Technical constraints on additive manufacturing for large-scale production of heavy-duty components are a major factor restraining market growth. Furthermore, high-cost raw materials are expected to have a negative impact on market growth. However, increased investment in research and development activities by academia and companies is expected to help reduce costs and increase product utilization. Additionally, supportive government initiatives by developing countries would also create growth opportunities for 3D printer manufacturers worldwide.

Global 3D Printer Market: Key Segments

The global 3D printer market has been segmented based on technology, substrate, end-use application, and region.

  • Technology

    • In terms of technology, the global 3D printer market has been classified into stereolithography, fused deposition modeling, selective laser melting, material jetting, electron beam melting, selective laser sintering, and binder jetting

  • Substrate

    • Based on the substrate, the global 3D printer market has been divided into plastic, metal, ceramics, wax, paper, and sandstone

  • End-use Application

    • In terms of end-use application, the global 3D Printer market has been bifurcated into personal use and industrial (automotive, aerospace, healthcare, electronics, consumer products, and others)

  • Region

    • Based on region, the global 3D printer market has been classified into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America)

Global 3D Printer Market: Competition Landscape

  • Key companies profiled in a 3D printer research report include Stratasys Ltd., 3D Systems Corporation, HP Development Company, L.P, EOS, Seiko Epson Corporation, Envisiontec GMBH, SLM Solutions Group AG, Ultimaker BV, General Electric, and Kinpo Group

Need Assistant

Call +1-917-985-8551

Benefits of Becoming a Industryprobe Client

  • One stop solution for all your research needs
  • Cost effective solutions
  • Bring value and not just data
  • Professional team support
  • Pay as per use
  • Post-sales support
Industryprobe

Industry Probe is a leading market research and business intelligence firm focused on consumer goods & industrial machinery sector offering best-in-class intelligence services through a workforce of talented & experienced analysts.

Offering a varied range of services from syndicated research & consulting solutions to competitive intelligence & full time engagement, Industry Probe is renowned for delivering excellent visibility and bringing better understanding to companies seeking greater market awareness.

Follow Us:

CONTACT US

  • To know more about us, please visit our website:

    www.industryprobe.com

  • For sales queries or new topics email us on:

    sales@industryprobe.com

  • For other queries contact:

    Registered Office and Delivery center
    Office No. 504, 5th Floor,VANTAGE 9 S.No. 36/1/1,
    Baner, Pune, Maharashtra 411045

    Communication center - United States
    1441 Broadway, 6th Floor - # 6131
    New York, NY 10018